Loan EMI Calculator

Compute EMI, interest, and an amortization schedule — works fully offline.

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Calculator

Tip: Include only loan principal (not down payment).
Left = Years, Right = Extra Months (optional).
Used only for the amortization schedule dates.

Results

Monthly EMI
—
Fixed monthly payment
Total Interest
—
Over full tenure
Total Payment
—
Principal + interest
Months
—
Total instalments
Payment breakup
Principal Interest
Show amortization schedule
Schedule assumes EMI stays constant and interest compounds monthly.
Month Date Opening (₹) EMI (₹) Interest (₹) Principal (₹) Closing (₹)
Calculate to generate schedule

Loan EMI information (quick guide)

EMI Formula
EMI = P × r × (1 + r)n / ((1 + r)n − 1)
Where P = principal, r = monthly rate (annual% / 12 / 100), n = months.
How to reduce interest
• Shorter tenure reduces total interest
• Prepay early to cut interest sharply
• Compare processing fees + rate
Things lenders may add
• Processing fee + GST
• Insurance (optional/mandatory)
• Late payment charges
Important note
This calculator gives an estimate. Actual EMI may vary by lender due to rounding or rate conventions. Verify with your lender’s sanction letter.